Baltic Dry Index slips 2.2% to over-2-week low
The Baltic Exchange dry bulk freight index fell about 2.2% to 2,815 points, while capesize dropped 3.1% to 4,452 and panamax slid 2.3% to 2,155; supramax rose 0.2% to 1,631.
The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, slipped about 2.2% to 2,815 points on Tuesday, its lowest level since July 31, snapping a two-day advance.
The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also halted a two-session winniinf streak, dropping by 3.1% to its lowest since July 31 at 4,452 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, declined by 2.3% to its lowest since August 3 at 2,155 points.
On the other hand, the supramax index rise by 0.2% to 1,631 points, its highest since July 28.